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Crypto Market in a Sea of Red; Morgan Stanley Gears Up to Offer ETFs
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as major cryptocurrencies extended their slump during Asian trading hours before recovering from the crash. Plus, former President Donald Trump argued the benefits of the U.S. embracing bitcoin in an interview with Fox Business and CNBC reports that Morgan Stanley is getting ready for its advisers to offer bitcoin ETFs to wealthy clients.

Kamala Harris Can't 'Cede Crypto to Trump'; Bybit Withdraws Services From France
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as the Official Monetary and Financial Institutions Forum says that Harris cannot afford to "cede crypto to Trump." Plus, the U.S. added 114,000 jobs in the month of July, and crypto exchange Bybit said it will withdraw its services from France in response to regulations in the country.

Trump-Linked Website Is Selling 'Bitcoin Sneakers;' Tether Reports Record Net Profits This Year
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as a Trump-linked website is offering several ranges of bitcoin-themed sneakers with prices as high as $500 a pair. Plus, the Federal Reserve has kept its benchmark fed funds rate range unchanged at 5.25%-5.50% and Tether reported a "record" $5.2 billion of net profits in the first half of 2024 as USDT’s market cap surged to new all-time highs.

Russia Legalizes Crypto Mining; California’s DMV Loads 42M Car Titles On-Chain
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as Russia's State Duma passed a law that fully legalizes cryptocurrency mining in the country. Plus, California’s DMV digitized 42 million car titles on the Avalanche network, and The Bahamas is back with a new law that tightens its crypto guidelines.

Polymarket Whales Favor Trump in 2024 Election; U.S. Government Moves $2B of 'Silk Road' Bitcoin
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as Polymarket whales are putting their bags on Donald Trump winning the upcoming election. Plus, BTC price falls after the U.S. government moves $2 billion worth of seized bitcoin and the Bank of England said it plans to carry out a series of CBDC and digital ledger experiments.

Donald Trump Backs U.S. Bitcoin Reserve; WazirX Faces Heat After User Survey
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as Donald Trump doubled down on bitcoin in front of over 3,000 attendees at the Bitcoin Conference in Nashville, promising that he will maintain a "strategic national bitcoin reserve" and "never sell" the government's seized bitcoin. Plus, Slovenia issued a sovereign digital bond and WazirX continues to face heat after the $230 million hack.

RFK Jr. Says He's 'Fully Committed' to Bitcoin; Jersey City to Invest in Bitcoin ETFs
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as Robert F. Kennedy Jr. doubled down on his support for bitcoin at the BTC 2024 conference in Nashville. Plus, Jersey City Mayor, Steven Fulop announced that the city's municipal pension plan will soon invest in bitcoin via ETF products and Singapore's government released a new report on the increasing use of cryptocurrencies in terror financing.

Marathon Digital Buys $100M BTC; India's Special Task Force for Crypto-Related Drug Trafficking
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as Marathon Digital bought $100 million worth of BTC in the open market and said it will readopt its strategy to hold all mined bitcoin on its balance sheet. Plus, India has seen as many as 92 cases involving the dark net and crypto for drug trafficking in the past four years, and Coinbase's CBPL was fined more than 3.5 million pounds by the Financial Conduct Authority.

Spot Ether ETFs Sees More Than $1B of Trading Volume; Ferrari to Accept Crypto Payments in Europe
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as investors traded over $1 billion worth of shares of the freshly launched spot ether ETFs in the U.S. on their first day. Plus, defunct bitcoin exchange Mt. Gox moved a fresh batch of bitcoin between wallets, and Ferrari will extend its provision for cryptocurrency payments to Europe by the end of July.

Biden's Exit Spurs $28M Daily Volume on Polymarket; Swan Bitcoin Drops IPO Plans
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as President Joe Biden’s decision to drop out from the Presidential race fueled a surge in Polymarket volume. Plus, Arkham Intelligence data shows that the U.S. government has transferred 58.742 bitcoin worth nearly $4 million to Coinbase and Swan Bitcoin has pulled its plan to take the company public.
